Property | Business Post

Shares in Hammerson drop 11 per cent after decline in revenue

The company, which operates Dundrum Town Centre, the Ilac Centre and Swords Pavilions, saw its revenue drop to £131.4 million, down from £137.2 million

Harry Crosbie’s grand plan for Dublin’s docks: ‘I’ve enough firepower and desire to do this’

The developer has garnered support from the local community, Bono and Bob Geldof for his latest, ambitious plan for the city’s docklands

Sherry FitzGerald: Stock of property for sale is down 26%

According to the estate agent the number of homes available to buy at under €200,000 has been cut in half over the last three years

Average price paid for Irish development land rises by 29% despite viability concerns

Savills said investors may be moving away from building large apartment schemes

Luxurious apartment development in Portugal comes with tax benefits

Apartments are on sale from €469,000 and will be completed by summer 2025 at the exclusive development at Vilamoura in the Algarve

‘Constant’ delays from lenders and local authorities slowing down property sales – Law Society

Submission says a range of planning and administrative issues are slowing down conveyancing and calls on the government to support a raft of changes to the system

Irish commercial property market could lose €10bn in value in 2023

Significant write-downs are expected in response to rising interest rates and reduced demand, while values across retail, industrial, logistics, office and residential units could fall between 10 and 20 per cent this year

House prices rose by 8.6% in November 2022 but rate of growth continuing to slow

Despite the house price rises, figures from Ireland’s Central Statistics Office show property inflation actually slowed for the eighth month in a row

Bank of Ireland freezes investor withdrawals from €70m European Real Estate Fund

Move comes as bank writes down value of its main property investment fund

Irish holiday home buyers in France win review of alleged scam

French watchdog’s reports means fines could be levied against the bodies that allegedly missold the French leaseback properties to 150 Irish buyers

Australian bank Macquarie sets aside €100m to buy Irish homes

Documents seen by the Business Post show that the fund has bought several homes in a housing estate in Carlow in March for €875,000

John Walsh: Housing crisis is poised to deepen as supply of funding is increasingly constrained

With public sector debt at €240 billion, private sector funding limited, developers facing eroding profits and institutional investment on the wane, where is the money for building new homes going to come from?

Central Bank sets strict limits to prevent large debts in property funds

The regulator also said the Irish economy should perform well, despite many other countries facing downturns

Household income of €100,000 for Wicklow first time buyers the highest in Ireland

Mortgage repayments have jumped as house price continue to rise

Today's headlines

Reliance on FDI ‘exposes Ireland to risk of job loss’; Donnelly says Health Tapes in public interest

The top stories from business and politics in today’s Business Post

Institutional investment in Irish property to ‘fall sharply’ in 2023, report predicts

Experts forecast ‘very tough year’ for property markets in Ireland and across Europe

Commercial Property

Boost for O’Connell Street with new developments and hotels

More than 1,000 hotel bedrooms have come on stream in and around O’Connell Street in Dublin, while the 310-bedroom Motel One is due to open this year

Catch Behan and Coulter in Dublin this November

New works in bronze by John Behan will be on show at the Solomon Gallery, while an exhibition of young Belfast artist Jack Coulter’s paintings will be at the RHA before moving to Sotheby’s in London

A chance to buy well-known artists’ work for just €100

More than 175 Irish and international creatives will each offer a piece of artwork specially commissioned for the RDS fair

Much to charm and entice potential bidders at Morgan O’Driscoll

An upcoming Off the Wall online art auction features a large selection of both modern and traditional works